NAM: Activity Strenghtens (CONT’D FROM PAGE 5)
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month December 2021
Manufacturers continued to cite supply chain bottle- necks and workforce shortages as significant challenges to growth, and inflation remained highly elevated, with output prices soaring to a new all-time high and input costs not far from November’s record high. Meanwhile, the S&P Global Flash Eurozone Manufac- turing PMI decreased from 56.5 in March to 55.3 in April, the weakest reading since January 2021. The Russian in- vasion of Ukraine negatively impacted activity, with new orders and output expanding at the slowest pace since June 2020 and exports contracting for the second straight month. The Philadelphia Federal Reserve Bank’s composite index declined from 27.4 in March to 17.6 in April but con- tinued to signal expanding growth in the manufacturing sector in the district. Hiring grew at the fastest pace in the survey’s history, which dates to May 1968. Raw material costs also picked up solidly in April, expanding at a pace not seen since June 1979. Yet, respondents to the Philly Fed’s survey felt less optimistic in their outlook and orders, with the forward-looking composite index dropping to the lowest reading since December 2008. The average fixed-rate 30-year mortgage was 5.11% this week, up from 3.11% at the end of 2021 and the highest since Thursday, April 8, 2010, according to Freddie Mac. Visit www.nam.org for more information.
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
34.195 34.916
-2.1
8.549 8.729
-2.1
Industry Total
Year-to Date
December 2021
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
416.338 406.776
2.4
8.294 8.071
2.8
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2021 2020
2.7372 2.7727
-1.3
33.8477 33.0739
2.3
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Dec. Nov.
2.256 2.203
2.4
3.3 3.3
0
Shipping Days
Year
Month
Year-to-Date
2021 2020
20 20
251 252
SOURCE: Fibre Box Association
www.boardconvertingnews.com
6
May 2, 2022
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